09 March 2015
I want to start an on-line web based service providing start-up and I want to use my residential address as my firm / establishment address . I do not have any shop or commercial premises to show as establishment address .
I applied for trade license but I was refused on following grounds :
1) I do not have shop or office premises ( I want to operate from residence ) . Trade license under shop & establishment act is only for shops or commercial premises .
2) I have not yet generated any business and raised any bills for services I want to provide
On the other hand ; for starting the business I need to operate payment gateway option for my start-up for which I need to have current account .
And for opening current account ; I need to have trade license which has been refused to me as I am using my residence as firm address .
CAclubindia
